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Mylan Laboratories acquires Penederm in all-stock transaction
13 Jul 1999
Executive Summary
Mylan Laboratories has acquired Penederm for stock. Penederm shareholders get 0.68 share of Mylan for each share held. The agreement is valued at about $205mm based on Mylan's recent closing price on June 23, 1998.
Deal Industry
- Biotechnology
-
Pharmaceuticals
- Drug Delivery
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Payment Includes Stock
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